Can you pay off a variable rate mortgage early?
Often, a variable rate home loan is seen to have more flexibility, and one of the reasons for this may be to do with the fact that in most cases, penalties do not apply for making extra repayments and paying off your variable rate mortgage earlier than expected.
Before you do attempt to get ahead and make extra repayments, though, be sure to examine your loan conditions, and make sure you won’t be penalised for extra repayments made.